(1888PressRelease)
December 05, 2007 - According to a source at Ovetii, technology shares looked likely to lead the market higher; Apple, maker of the iPod and iPhone, posted results that topped analysts' targets, and its shares rose 5 percent to $184.39 recently.
American Express, the third-largest credit card network, recently reported results that beat many of Ovetii’s top analysts' expectations on average, helped by increased spending among its consumer and corporate clients.
One of the largest U.S. chemical makers also reported a stronger-than-expected quarterly profit.
A chief analyst with Ovetii of Greece reportedly said that he anticipated the Nasdaq would emerge as a leader, with some good reports recently.
S&P 500 futures rose 4.40 points and were above fair value, a mathematical formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract.
Dow Jones industrial average futures gained 45 points, and Nasdaq 100 futures rose 17.50 points.
Ovetii have not yet released a statement regarding the reports.
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